• About us
    • Data Analyst Team
    • Magazines Sections
    • Editorial Team
  • Advertise with us!
  • Business review
  • Guest writers
    • Guest Contribution
  • Subscription
  • Career
  • Contact us
Friday, May 20, 2022
Business Connect | Best Business magazine In India
Upcoming Event
  • News
    • All
    • Blog
    RCB to face do or die situation in today’s match with GT: Playing11, key stats, more.

    RCB to face do or die situation in today’s match with GT: Playing11, key stats, more

    Elon Musk: Ordinary Entrepreneur to the Richest Person of the World

    Elon Musk: Ordinary Entrepreneur to the Richest Person of the World

    Battle for Playoffs: KKR to face LSG; Playing11, pitch report, key stats, and more

    Battle for Playoffs: KKR to face LSG; Playing11, pitch report, key stats, and more

    SRH to face do or die situation in today’s match with MI: Playing11, key stats, more

    SRH to face do or die situation in today’s match with MI: Playing11, key stats, more

    Tata IPL 2022, RCB vs PBKS: Playing11, head to head, prediction, and more

    Tata IPL 2022, RCB vs PBKS: Playing11, head to head, prediction, and more

    Tata IPL 2022, CSK vs MI: Playing11, head to head, prediction, and more

    Tata IPL 2022, CSK vs MI: Playing11, head to head, prediction, and more

    Tata IPL 2022, RR vs DC: Playing11, pitch report, prediction, and more

    Tata IPL 2022, RR vs DC: Playing11, pitch report, prediction, and more

    Tata IPL 2022, LSG vs GT: Playing11, pitch report, prediction, and more

    Tata IPL 2022, LSG vs GT: Playing11, pitch report, prediction, and more

    Tata IPL 2022, MI vs KKR: Playing11, head-to-head, prediction, and more

  • Magazine
    • 2022-21 Magazines
  • Lounge Interviews
  • Press Release
    • PR Enquiry
  • Blogs
  • Success Stories
  • Testimonials
  • Interior Design
  • Launchpad
  • BCM TV
No Result
View All Result
  • News
    • All
    • Blog
    RCB to face do or die situation in today’s match with GT: Playing11, key stats, more.

    RCB to face do or die situation in today’s match with GT: Playing11, key stats, more

    Elon Musk: Ordinary Entrepreneur to the Richest Person of the World

    Elon Musk: Ordinary Entrepreneur to the Richest Person of the World

    Battle for Playoffs: KKR to face LSG; Playing11, pitch report, key stats, and more

    Battle for Playoffs: KKR to face LSG; Playing11, pitch report, key stats, and more

    SRH to face do or die situation in today’s match with MI: Playing11, key stats, more

    SRH to face do or die situation in today’s match with MI: Playing11, key stats, more

    Tata IPL 2022, RCB vs PBKS: Playing11, head to head, prediction, and more

    Tata IPL 2022, RCB vs PBKS: Playing11, head to head, prediction, and more

    Tata IPL 2022, CSK vs MI: Playing11, head to head, prediction, and more

    Tata IPL 2022, CSK vs MI: Playing11, head to head, prediction, and more

    Tata IPL 2022, RR vs DC: Playing11, pitch report, prediction, and more

    Tata IPL 2022, RR vs DC: Playing11, pitch report, prediction, and more

    Tata IPL 2022, LSG vs GT: Playing11, pitch report, prediction, and more

    Tata IPL 2022, LSG vs GT: Playing11, pitch report, prediction, and more

    Tata IPL 2022, MI vs KKR: Playing11, head-to-head, prediction, and more

  • Magazine
    • 2022-21 Magazines
  • Lounge Interviews
  • Press Release
    • PR Enquiry
  • Blogs
  • Success Stories
  • Testimonials
  • Interior Design
  • Launchpad
  • BCM TV
No Result
View All Result
Business Connect | Best Business magazine In India
No Result
View All Result
Home Blog

10 Things to Know When Starting a Business

admin by admin
March 18, 2021
in Blog
910 68
0
10 Things to Know When Starting a Business
147
SHARES
978
VIEWS
Share on FacebookShare on Twitter

10 Things to Know When Starting a Business

Starting a business is fun but only if you know the right things to do. Any aspiring entrepreneur looking to start their own business must realize what it takes and what they can do to grow their business.

You have decided to start a business, probably gotten the business to start, and you’re now getting ready to start the business.

Before you start, there are some important things you should know that can make your journey easier. If you haven’t gotten a business idea, you can get some ideas from Business Definer.

Here are 10 things you should know when starting your business:

#1 Business is Not a Bed of Roses

Starting a business may be one of the hardest things you’ll ever do. You need to realize business is not easy and you’ll most likely face a lot of challenges along the way.

Instead of looking at business as a get-rich-quick scheme, you should look at it as a long-term investment. Even though there are examples of people who made it big quickly in their businesses, the majority of people take a longer, more measured road to success.

#2 A Good Network Leads to a Faster Business Growth

You may feel like you’ve got everything under control and that you can go it all alone but that will only mean more effort and usually a slower growth of your business. The saying “your network is your net worth” holds even more water when it comes to starting a new business.

Building your network will help you grow your business. Surrounding yourself, with like minds, potential clients, and mentors will help you steady the ship when things begin to toughen up in your business.

#3 You’re Going to be Investing a lot of Time

You’ve probably heard of cheeky ways to work less for more money but when it comes to starting a new business, investing enough time is non-negotiable if you want it to grow.

If you were working 40 hours a week before, you may have to spend up to 60 hours a week on your new business.

#4 Health is Wealth

Your new business may require a lot of time, effort, and money at the initial stage, and this can easily become overwhelming and cause a breakdown.

Never neglect your health because you’re trying to grow your new business. Have enough rest, schedule routine checkups, and eat healthily. You can only give your business your best if you’re healthy.

#5 Customer is King

Do not neglect customer feedback. Ensure you make your customers the bedrock of your business. Do things like creating friendly customer service that can receive feedback and complaints from customers.

Customers are more likely to trust a business that listens to them.

#6 Get a Mentor

One important piece of owning a successful business is the presence of a mentor – Someone that can offer you valuable business and life lessons and nudge you in the right direction when you’re lost.

Before getting a mentor, know that the relationship should be mutually beneficial.

#7 Outsourcing is Important

No one is an island of knowledge and knowing where you fall short is just as important as knowing your strengths.

You should outsource things not worth your time or things you’re just not good at. When starting a business, especially when you’re bootstrapping with limited capital, you may find it difficult to outsource everything you’re not good at. Careful planning can help you manage these tasks.

#8 A Business Plan is Necessary

You need a business plan before you start your business. This lists everything about your new business including strengths and weaknesses. It ensures you do the necessary research before you start the business.

A business plan can also help you get funding for your business.

#9 Consider Partnerships

When starting, you should consider partnerships as they can help reduce the cost and effort of running the business alone. Partnerships can also help bring in the necessary skill set you may be lacking.

#10 Failure is Part of the Journey

While you can start a business and attain success without failing, you should not be afraid of failure. You should embrace it when it comes. See it as a step in the right direction.

If you have to pivot or change your approach, you should do it fast. Failing might be a good thing if you learn quickly and rectify your mistake.

Conclusion

Business can be rewarding but what you do will determine the success of your business. The journey is going to be long. Don’t be afraid to fail, don’t be discouraged when challenges arise.

These tips will better prepare you and your business for the exciting journey ahead.

 

Previous Post

The Tech Giant, Apple Plots a Foray into Car Market

Next Post

AAI to Sell 13% Stake in Bangalore & Hyderabad Airports to Raise Funds

Related Posts

Top 10 Mileage Bikes in India
Blog

Top 10 Mileage Bikes in India

by admin
May 18, 2022
0

Top 10 Mileage Bikes in India By Sanjay Maurya Mileage bikes are in great demand these days. In the end,...

How To Get A Personal Loan On An Aadhaar Card With Minimum Documents?
Guest Posts

How To Get A Personal Loan On An Aadhaar Card With Minimum Documents?

by admin
May 13, 2022
0

How To Get A Personal Loan On An Aadhaar Card With Minimum Documents? The availability of personal loans has made...

Twenty-five fantastic travel experiences to have this year! - Prune

Twenty-five fantastic travel experiences to have this year! – Prune

May 10, 2022
Mother’s Day 2022

Mother’s Day 2022

May 7, 2022
Ma Huateng

Ma Huateng

May 6, 2022
7 Gadgets to Keep You Cool This Summer

7 Gadgets to Keep You Cool This Summer

May 5, 2022
Next Post
AAI to Sell 13% Stake in Bangalore & Hyderabad Airports to Raise Funds

AAI to Sell 13% Stake in Bangalore & Hyderabad Airports to Raise Funds

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
Upcoming Indian Web Series for 2022-23

Upcoming Indian Web Series for 2022-23

February 15, 2022
Top 10 Richest Actors in India 2021

Meet Top 10 Richest Actors in India 2022

January 18, 2022
The 10 most popular tiktok stars in the world

10 most popular Tiktok stars in the world

March 7, 2022
Top 10 singers in India 2021

Top 10 singers in India – 2021

June 14, 2021

Keyur Shah: The Founder of Hrishee Strategic Advisors | Business Connect Magazine

0
Press Release-NASSCOM CoE (IoT) to co-organize “THE AEONIAN 2018” (1)

NASSCOM CoE (IoT)to co-organize “THE AEONIAN 2018”

0

MCaffeine, India’s first caffeinated personal care brand

0
Life Partners turned Business Partners to build Startups

Life Partners turned Business Partners to build Startups

0
RCB to face do or die situation in today’s match with GT: Playing11, key stats, more.

RCB to face do or die situation in today’s match with GT: Playing11, key stats, more

May 19, 2022
Elon Musk: Ordinary Entrepreneur to the Richest Person of the World

Elon Musk: Ordinary Entrepreneur to the Richest Person of the World

May 19, 2022
Top 10 Mileage Bikes in India

Top 10 Mileage Bikes in India

May 18, 2022
Battle for Playoffs: KKR to face LSG; Playing11, pitch report, key stats, and more

Battle for Playoffs: KKR to face LSG; Playing11, pitch report, key stats, and more

May 18, 2022

Recent News

RCB to face do or die situation in today’s match with GT: Playing11, key stats, more.

RCB to face do or die situation in today’s match with GT: Playing11, key stats, more

May 19, 2022
Elon Musk: Ordinary Entrepreneur to the Richest Person of the World

Elon Musk: Ordinary Entrepreneur to the Richest Person of the World

May 19, 2022
Top 10 Mileage Bikes in India

Top 10 Mileage Bikes in India

May 18, 2022
Battle for Playoffs: KKR to face LSG; Playing11, pitch report, key stats, and more

Battle for Playoffs: KKR to face LSG; Playing11, pitch report, key stats, and more

May 18, 2022

Recommended

Britlite Electronics Pvt. Ltd. (Adyxa) | Business Connect

Brilite Electornics Pvt. Ltd. (Adyxa)

December 2, 2019
QUINTESSTIAL MEDIA & MARKETING -Digital Marketing Firm | Business Connect

Quintesstial Media & Marketing

December 2, 2019

Most Popular

RCB to face do or die situation in today’s match with GT: Playing11, key stats, more.
News

RCB to face do or die situation in today’s match with GT: Playing11, key stats, more

May 19, 2022
Elon Musk: Ordinary Entrepreneur to the Richest Person of the World
Blog

Elon Musk: Ordinary Entrepreneur to the Richest Person of the World

May 19, 2022
Top 10 Mileage Bikes in India
Blog

Top 10 Mileage Bikes in India

May 18, 2022

Business Connect is a business magazine whose name is derived from Business Community which connects entrepreneurs, executive officers and VCs. With a mission to have one of the highest readership figures of senior-level executives and investors in India, Business Connect brings its edition on monthly basis.

Follow Us

Contact Information

Address: 804, DDA 2, District Centre, Janakpuri West, New Delhi-110058

Phone Number: +91-11-41065208, 42636209

Mail: abhishek@businessconnectindia.in

Recent News

RCB to face do or die situation in today’s match with GT: Playing11, key stats, more.

RCB to face do or die situation in today’s match with GT: Playing11, key stats, more

May 19, 2022
Elon Musk: Ordinary Entrepreneur to the Richest Person of the World

Elon Musk: Ordinary Entrepreneur to the Richest Person of the World

May 19, 2022
Top 10 Mileage Bikes in India

Top 10 Mileage Bikes in India

May 18, 2022

Request a call back

  • About us
  • Why us
  • Healthcare
  • Guest writers
  • Career
  • Contact us

© 2020 All Rights Reserved by Business Connect India

No Result
View All Result
  • News
  • Magazine
    • 2022-21 Magazines
  • Lounge Interviews
  • Press Release
    • PR Enquiry
  • Blogs
  • Success Stories
  • Testimonials
  • Interior Design
  • Launchpad
  • BCM TV

© 2020 All Rights Reserved by Business Connect India

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Quick Call with Us

Our team will facilitate you with a call and we will understand your needs.

No thanks, I’m not interested!